Continental Resources with ticker code (CLR) now have 26 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 102 and 64 and has a mean target at 75.12. Now with the previous closing price of 59.78 this now indicates there is a potential upside of 25.7%. The 50 day MA is 60.33 and the 200 day moving average is 50.56. The market capitalisation for the company is $22,954m. Company Website: https://www.clr.com
The potential market cap would be $28,844m based on the market concensus.
Continental Resources explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2021, its proved reserves were 1,645 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 908 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.
